Hydrogenated benzene market price down this week (January 18-22)

On January 24, the commodity index of hydrobenzene was 46.16, which was the same as yesterday, decreased by 54.75% compared with the highest point of 102.01 in the cycle (January 09, 2014), and increased by 53.92% compared with the lowest point of 29.99 on April 7, 2020. (Note: period refers to the period from December 1, 2013 to now).

 

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Price fluctuation of main domestic hydrogenated benzene market from January 18 to 22 (unit: yuan / ton)

 

Region, 18 prices, 22 prices, weekly ups and downs

East China, 4400-4550, 4050-4100, – 400

Shandong, 4150-4200, 4300-4400, – 175

 

This week (January 18-22), the market price of hydrobenzene in Shandong Province mainly fell, with 4175 yuan / ton at the beginning of the week and 4350 yuan / ton at the end of the week, down 175 yuan / ton.

 

Summary of Sinopec’s price adjustment of pure benzene in January 2021 (unit: yuan / ton)

 

Date, adjusted price, adjusted amount

January 7, 4550, + 150

January 11, 4650, + 100

In January 2021, the price of pure benzene of Sinopec was increased twice, with a total increase of 250 yuan / ton. By the 25th, all its refineries had implemented a unified price of 4650 yuan / ton.

 

The pure benzene market was mainly volatile this week. Although the crude oil and external market had good support, the inventory of downstream raw materials was on the high side, the enthusiasm to enter the market was not high, and the demand decreased. The market in East China is weak, while the market in North China is under pressure. The price of pure benzene of Sinopec was temporarily stable after rising, and the price was 4650 yuan / ton as of the 21st. Shandong crude benzene bidding price this week under pressure, the implementation of 3000 yuan / ton.

 

On the downstream side, the recent operating rate of hydrobenzene enterprises is about 60%, which is on the rise as a whole, about 2% higher than that of last week. The demand for crude benzene is good.

 

In the future, the business community believes that at present, the overall bad news is too much, the pure benzene action is insufficient, the coking enterprises start well, and the crude benzene supply is stable. In the future, the terminal still needs to pay attention to the trend of pure benzene market and the demand of downstream hydrogenated benzene.

http://www.lubonchem.com/

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